Bitcoin Cash, also referred to as the “peer-to-peer electronic cash”, has been making waves, as it has gained the support of many cryptocurrency exchanges. Of all the digital currencies that exist, it is believed that BCH was capable of reaching new heights in short periods of time. This could possibly be due to the fact that BCH is closest alternative to money itself, promoting user adoption on a whole new level.
To evaluate BCH’s success, here is an in-depth analysis of the current cryptocurrency exchanges that support BCH in its trading pairs:
Coinex, a cryptocurrency exchange, allegedly uses BCH as its base currency. Launched in 2017 by ViaBTC, Coinex currently allows crypto investors to trade Ethereum, Litecoin, Ripple, Ethereum Classic, Bitcoin, OmiseGO and many others against BCH.
According to the COO of ViaBTC, Sara Ouyang, the reason for choosing BCH over BTC is simple: “It has much faster transactions with low fees and better performance in terms of usability.”
Like Coinex, Panday Exchange also offers trading pairs with BCH, including the likes of Ethereum, ZenCash, Ripple, Litecoin and Bitcoin Gold. The exchange is widely known for its fast transactions, versatility in the tokens offered, customer-centric approaches and is viewed as a supporter that ensures users are given assistance when needed.
BOA Exchange, a new addition the existing list of crypto exchanges, has recently chosen BCH as the base currency for trading pairs. Currently, the team released a statement that explains the finalization of its beta phase and that the public will soon be able to sign up.
Hello Group’s Bitcoincash.io
According to the claims made, Hello Group, a strategic goods and services design company, announced that it acquired the Bitcoincash.io, which will be used to “host the BCH trading platform.” More details regarding this project is yet to be revealed.
Based on the analysis above, it is evident that BCH is gradually gaining support over BTC. The fact that BCH has lower transaction fees and is much faster than BTC appears to be the sole reason for such a move. Many users might view this to being the infancy stage for BCH, as it has not reached its optimal yet.